What is B. Riley's Forecast for Iris Energy Q1 Earnings?

Iris Energy Limited (NASDAQ:IREN - Free Report) - B. Riley issued their Q1 2026 earnings per share (EPS) estimates for Iris Energy in a research note issued to investors on Thursday, May 15th. B. Riley analyst N. Giles anticipates that the company will post earnings per share of $0.13 for the quarter. B. Riley has a "Buy" rating and a $15.00 price objective on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. B. Riley also issued estimates for Iris Energy's Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.15 EPS and FY2027 earnings at $0.45 EPS.

A number of other equities analysts also recently issued reports on IREN. Wall Street Zen downgraded shares of Iris Energy from a "hold" rating to a "sell" rating in a research note on Thursday. HC Wainwright decreased their price target on shares of Iris Energy from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of Iris Energy from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $15.00 to $12.00 in a research note on Thursday, March 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $23.00 target price on shares of Iris Energy in a research note on Friday, May 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $23.00 price target on shares of Iris Energy in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.30.

Iris Energy Trading Down 1.7%

Shares of NASDAQ IREN traded down $0.16 during midday trading on Monday, reaching $9.12. The company had a trading volume of 14,973,969 shares, compared to its average volume of 16,215,075. The firm's fifty day moving average price is $6.68 and its 200-day moving average price is $9.50. Iris Energy has a one year low of $5.13 and a one year high of $15.92.

Iris Energy (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. The firm had revenue of $148.10 million during the quarter, compared to analysts' expectations of $153.38 million.

Institutional Trading of Iris Energy

A number of institutional investors and hedge funds have recently bought and sold shares of IREN. XML Financial LLC bought a new stake in Iris Energy in the 4th quarter valued at $196,000. Evolution Wealth Advisors LLC grew its stake in shares of Iris Energy by 8.7% in the 4th quarter. Evolution Wealth Advisors LLC now owns 47,880 shares of the company's stock worth $470,000 after buying an additional 3,830 shares in the last quarter. Drive Wealth Management LLC grew its stake in shares of Iris Energy by 5.8% in the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company's stock worth $390,000 after buying an additional 2,193 shares in the last quarter. TRU Independence Asset Management 2 LLC purchased a new position in shares of Iris Energy in the 4th quarter worth $163,000. Finally, R Squared Ltd purchased a new position in shares of Iris Energy in the 4th quarter worth $37,000. 41.08% of the stock is currently owned by institutional investors.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.